Peachtree 2012 Annual Report Download - page 90

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Results for the year continued
1 Segment information continued
1.2 Profit by segment
Year ended 30 September 2012
Year ended 30 September 2011 Change
IFRS
statutory
operating
profit
£m
Adjustment1
£m
Non-GAAP
EBITA
£m
IFRS
statutory
operating
profit
£m
Adjustment1
£m
Non-GAAP
EBITA
reported
£m
Currency
impact2
£m
Underlying
Non-GAAP
EBITA
constant
currency
£m
IFRS
statutory
operating
profit
%
Non-GAAP
EBITA
reported
%
Underlying
Non-GAAP
EBITA
constant
currency
%
Profit by segment
Europe 207.8 11.3 219.1 213.7 15.6 229.3 (8.4) 220.9 -3% -4% -1%
Americas 96.8 9.3 106.1 94.2 5.5 99.7 1.2 100.9 3% 6% 5%
AAMEA 40.3 0.9 41.2 35.4 1.1 36.5 (2.3) 34.2 14% 13% 20%
Total profit 344.9 21.5 366.4 343.3 22.2 365.5 (9.5) 356.0 0% 0% 3%
1 Adjustment includes the effects of amortisation of acquired intangible assets, amortisation of software development expenditure and acquisition-related items.
2 Foreign currency results for the prior year ended 30 September 2011 have been retranslated based on the average exchange rates for the year ended 30 September 2012 of
$1.58/£1 and €1.22/£1 to facilitate the comparison of results.
Year ended 30 September 2012 Note
Europe
£m
Americas
£m
AAMEA
£m
Group
£m
The results by segment from continuing operations were as follows:
Revenue 775.8 411.7 152.7 1,340.2
Segment operating profit 207.8 96.8 40.3 344.9
Finance income 2.3 2.6
Finance costs 2.3 (13.2)
Profit before income tax 334.3
Income tax expense 3 (95.4)
Profit for the year 238.9
No single customer contributed more than 10% of the Group’s revenue in the current or prior year.
Reconciliation of Non-GAAP EBITA† to IFRS statutory operating profit
Non-GAAP EBITA† 219.1 106.1 41.2 366.4
Amortisation of acquired intangible assets (10.8) (5.4) (0.9) (17.1)
Acquisition-related items (0.5) (3.9) – (4.4)
Operating profit 207.8 96.8 40.3 344.9
† EBITA measure (Earnings before interest, tax and adjustments) excludes the effects of:
• amortisation of acquired intangible assets;
• amortisation of software development expenditure; and
• acquisition-related items.
Year ended 30 September 2011 Note
Europe
£m
Americas
£m
AAMEA
£m
Group
£m
The results by segment from continuing operations were as follows:
Revenue 795.7 390.9 147.5 1,334.1
Segment operating profit 213.7 94.2 35.4 343.3
Finance income 2.3 1.9
Finance costs 2.3 (14.4)
Profit before income tax 330.8
Income tax expense 3 (74.8)
Profit for the year 256.0
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